Added to YB: 2026-03-27
Pitch date: 2026-03-25
DNP.WA [bullish]
Dino Polska S.A.
Author Info
No bio for this author
Company Info
Dino Polska S.A., together with its subsidiaries, operates a network of medium-sized grocery supermarkets under the Dino brand in Poland.
Market Cap
PLN 38.1B
Pitch Price
N/A
Price Target
71.00
Dividend
N/A
EV/EBITDA
14.93
P/E
23.65
EV/Sales
1.18
Sector
Consumer Staples Distribution and Retail
Category
growth
Dino Polska (WSE:DNP) The Boring Polish Supermarket That Could Deliver 20%+ Annual Returns
DNP.WA: Polish supermarket chain w/ 15% rev CAGR, 2,933 stores, vertically integrated (owns land, stores, meat plant, solar on 95% locations). 41% rev from fresh. EBITDA margin compressed 10.7%→7.9% (2022-24) but recovering to 8.6% Q3 2025. Trading 20x est FY25 EPS vs 23x fair P/E. 21.6% ROE, 0.22x net debt/EBITDA, reinvests all FCF (PLN 2B capex). 320-330 new stores in 2025 (+20% vs 2024). Est 23% annual return over 3yrs from earnings growth + re-rating. Risks: margin pressure, LFL slowdown, saturation, wage inflation, competition (Biedronka/Lidl). FY25 results release Mar 26.
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